Apache Corporation (NYSE:APA) had its price target hoisted by Barclays PLC from $26.00 to $30.00 in a report published on Monday morning. The firm currently has an underweight rating on the energy company’s stock.

Several other research firms have also recently weighed in on APA. Morgan Stanley upped their price target on shares of Apache Corporation from $45.00 to $46.00 and gave the company an equal weight rating in a report on Wednesday, October 18th. Scotiabank set a $49.00 price target on shares of Apache Corporation and gave the company a hold rating in a report on Monday, November 13th. Bank of America Corporation upped their price target on shares of Apache Corporation from $41.00 to $42.00 and gave the company an underperform rating in a report on Monday, November 6th. BMO Capital Markets set a $45.00 price target on shares of Apache Corporation and gave the company a hold rating in a report on Tuesday, October 10th. Finally, J P Morgan Chase & Co cut shares of Apache Corporation from a neutral rating to an underweight rating and reduced their price target for the company from $46.00 to $38.00 in a report on Thursday, September 14th. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. Apache Corporation currently has an average rating of Hold and a consensus target price of $48.06.

Apache Corporation (APA) opened at $41.54 on Monday. Apache Corporation has a 1-year low of $38.14 and a 1-year high of $69.00. The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.95.

Apache Corporation (NYSE:APA) last released its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Apache Corporation had a net margin of 10.60% and a negative return on equity of 0.70%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.03) earnings per share. equities research analysts expect that Apache Corporation will post 0.01 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, October 23rd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Friday, October 20th. Apache Corporation’s dividend payout ratio is presently 57.47%.

Several hedge funds have recently made changes to their positions in the company. Dodge & Cox raised its position in Apache Corporation by 4.0% during the second quarter. Dodge & Cox now owns 29,922,731 shares of the energy company’s stock worth $1,434,196,000 after acquiring an additional 1,152,395 shares in the last quarter. Vanguard Group Inc. raised its position in Apache Corporation by 0.5% during the second quarter. Vanguard Group Inc. now owns 26,448,494 shares of the energy company’s stock worth $1,267,676,000 after acquiring an additional 128,836 shares in the last quarter. State Street Corp raised its position in Apache Corporation by 0.7% during the second quarter. State Street Corp now owns 20,068,849 shares of the energy company’s stock worth $961,903,000 after acquiring an additional 130,520 shares in the last quarter. Harris Associates L P raised its position in Apache Corporation by 14.3% during the second quarter. Harris Associates L P now owns 18,741,407 shares of the energy company’s stock worth $898,275,000 after acquiring an additional 2,343,985 shares in the last quarter. Finally, FMR LLC raised its position in Apache Corporation by 2.7% during the second quarter. FMR LLC now owns 15,112,873 shares of the energy company’s stock worth $724,360,000 after acquiring an additional 404,098 shares in the last quarter. 93.63% of the stock is currently owned by institutional investors and hedge funds.

Apache Corporation Company Profile

Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. The Company’s production segments include: the United States, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.

Analyst Recommendations for Apache Corporation (NYSE:APA)

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